Georgia expects refinancing rate to rise
Date
3/22/2022 2:14:53 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Mar.22. The refinancing rate
in Georgia is predicted to increase in March 2022, the Managing
Director of Galt & Taggart investment bank Otar Sharikadze said,
Trend reports via
Georgian media.
According to Sharikadze, the National Bank of Georgia (NBG) will
increase the refinancing rate by 1-1.5 percent at the next meeting
of the Monetary Policy Committee of the NBG scheduled for the end
of March.
Consequently, the refinancing rate in Georgia will reach 11.5-12
percent.
As the Managing Director of Galt & Taggart forecasts, the NBG
will start easing the refinancing rate by the end of the current
year.
Meanwhile, the monetary policy rate in Georgia increased by 0.5
percent to 10.5 percent on December 8, 2021. The Monetary Policy
Committee of the NBG kept the refinancing rate unchanged on
February 2, 2022.
'The NBG is among few central banks that are publicly announcing
the expected monetary policy trajectory,' the President of the NBG
Koba Gvenetadze said.
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Tags:
- Georgia
- refinancing rate
- National Bank of Georgia
- monetary policy rate
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